Chapter 109: Peterson's Connections

The business battle between Yota Communications and AT&T is once again in flux, and AT&T, which seemed to have won a few days ago, is now in danger. Although Cisco is not without a chance of winning this lawsuit, anyone with a discerning eye can see that Yota Communications' intention is to drag Cisco from entering the telecom solution market, and AT&T, which has already regarded Cisco as its preferred technology solution, has also been stumped.

This time Eva didn't dare to be careless anymore, and she hired almost the most luxurious team of lawyers in the United States to serve Yota. This time, the cost of lawyer fees alone has reached hundreds of millions of dollars. At the same time, she did not insist on holding all the shares of Iridium as a wholly owned company, but began to seek powerful partners.

With Schwartzman's excellent negotiating skills, Lehman Brothers was the first to choose to join Yota's camp. Because Schwarzman provided Lehman Brothers with a technical report on Yota Communications in the field of mobile communications and network communications issued by the authoritative consulting firm Boston Consulting Group, which fully reflected that Yota Communications' technology has formed a solid patent barrier in the field of network communication, and under the protection of these patent barriers, Cisco will not be able to break through in a few years.

However, Lehman Brothers' upfront investment was not large, because they believed that the final outcome of the lawsuit and the business war was not yet clear. So Eva still has to rely on herself for the time being, and at this time, Bill Gross began to act on behalf of Bank of Colombia. Bill Gross's task was simple, to short Motorola's stock and try to get the Motorola stock pledged by AT&T to those banks to fall below the liquidation line. Because once Motorola shares fall below the liquidation line, the bank will not hesitate to sell these shares in the market, and AT&T's controlling stake will be wiped out.

Bill Gross soon made a huge number of short orders in the market, and in order to maintain the stock price, AT&T had to ask for help from its own back-office, Goldman Sachs and Morgan Stanley. Bill Gross, as an excellent trader, quickly felt the changes in the market, and he did not go head-to-head with Goldman Sachs and Morgan Stanley, but made a little resistance and then retreated with profits. Bill Gross knew that Bank of Columbia alone could not compete with either Morgan Stanley or Goldman Sachs, so he planned to use harassment tactics to cooperate with the court's news about whether the lawsuit between Cisco and Yota was a sneak attack on Motorola's stock, and he wanted to slowly bleed the two giants.

At a time when the two groups were fighting each other on the American side, Peterson, who was lobbying for Yota in Tokyo, was trying to persuade the president of the Japan Telephone and Telegraph Company (NTT) to change his rejection of Yota.

"Mr. President, I do not deny that you are concerned that the Yota satellite project will pose a threat to your newly built mobile communications network in Japan, but the purpose of the Iridium satellite project is not to compete for the Japanese market, but to build a solution that can provide global wireless communication at a low price. If you join the Iridium program, your customers can make mobile calls anywhere in the world, whether it's the ocean, the desert, or even Mount Everest. Do you know what that means? This means that your customers will not only be limited to Japan, but you will be able to break free from the limitations of the Japanese market and go global, and then Europe and South America will become your company's new markets if you wish. Peterson patiently explained to the other party that NTT wants to monopolize the domestic market in Japan, but in Peterson's view, the pattern is still too small, and Japan has only 100 million people, how can it be compared with the markets in Europe and the Americas.

"Mr. Peterson, I very much agree with your opinion, but we have just spent a lot of money on Yota's entire solution, and we have to spend a lot of money to join the Iridium project before we can recover the cost, so we can't explain this matter to the Ministry of International Trade and Industry," said the president of NTT.

"Mr. President, there is only one opportunity, whether you are willing to expand your territory in the international market, or you are willing to operate steadily in the domestic market, I will not change too much evaluation!" Peterson stood up after saying that, and the president of NTT rushed to hold on to it. When Peterson saw his actions, he immediately understood that the other party was already moved by his words. Japan has only a large population, and it is never better to be stuck in the Japanese market than to become a global company.

"Mr. Peterson, write me some time, and I will definitely state our position to the Ministry of International Trade and Industry!" The president of NTT hastened to assure.

"Mr. President, I have one more thing for you to tell the officials of the Ministry of International Trade and Industry, if NTT joins the Iridium project, we can hand over the production line of satellites to a large consumer electronics company in Japan, and I personally prefer Sony or Kyocera." After receiving these words, Peterson said goodbye to the president of NTT, and when he walked out of the NTT building and got into the car, the corners of Peterson's mouth finally showed a smile, and the president of NTT is now tempted, but according to him, the Ministry of International Trade and Industry is actually the biggest obstacle.

It seems that Japan's state-owned enterprise NTT is nothing in the eyes of the Ministry of International Trade and Industry, and Peterson knows what kind of existence the Ministry of International Trade and Industry is in Japan. To use an analogy, the Ministry of International Trade and Industry is actually on a par with the Soviet Union's Committee for Planned Economy. In the early post-war period, the Ministry of International Trade and Industry (MITI) came into being because the country had consumed almost all of its wealth in the war, and Japan had only a small amount of foreign exchange to develop its economy. With the continuous development of the Japanese economy, the status of the Ministry of International Trade and Industry in the Japanese government has also risen. When Peterson was in charge of the U.S. Department of Commerce, in order to allow more American goods to enter the Japanese market, Peterson had to deal with Japan's Minister of International Trade and Industry.

The president of NTT was not enough to convince the officials of the Ministry of International Trade and Industry, but it didn't matter, Peterson had more than just that network in Japan, and he had already decided what to do next, and he planned to visit Akio Morita, the president of Sony, to get the Japanese manufacturing superstar to help him. Peterson didn't take care of Sony when he was Secretary of Commerce, there was a trade friction between the United States and Japan, Peterson originally planned to impose heavy taxes on Japanese electronic products, but under the pleas of Akio Morita, Peterson did not do it in the end, this favor is not so easy to turn over, and now it is time for him to repay himself little by little.